⚡ Gitcoin Mistakenly Transfers $460,000 to an Unrecoverable Address
posted 9 Oct 2023
![Gitcoin Mistakenly Transfers $460,000 to an Unrecoverable Address Photo - Gitcoin Mistakenly Transfers $460,000 to an Unrecoverable Address](https://s3.eu-central-1.amazonaws.com/gncrypto.news/photo-2023-10-09-08-40-33-1696830040CyYKz.jpg)
Crypto platform Gitcoin accidentally sent 521,440 GTC ($460,000) from its treasury to an unrecoverable smart contract address.
The team has acknowledged the oversight and emphasized the importance of handling DAO funds with caution.
Some users, meanwhile, suggested viewing the token loss as a straightforward reduction in supply.
The team has acknowledged the oversight and emphasized the importance of handling DAO funds with caution.
Some users, meanwhile, suggested viewing the token loss as a straightforward reduction in supply.